With BTC failed to break 60000 within the last 3 weeks it becomes more clear that we will have a drop in BTC and returning back to 43000 again for the following reasons :
1- Its noticeable that whales are selling BTC in future markets we can see more Bids than Asks ibb.co/n1D19ZM 2- Selling accumulation bids were clear even when BTC hits 56000 today earlier ibb.co/p4nQkcP 3- Wedge Formation seen and price already broken the upper trend since Jan 2021 4- Divergence on RSI 9 Jhon Hyder way 5- 60K breaking up failure within the last 3 weeks
It would very important to have a daily candle below 53000 to have the drop confirmation
BTC will return back to 43000 again based on the chart analysis
註釋
LTC analysis remain the same and will follow BTC direction
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ETH analysis remain weak as mentioned before
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I am getting a buying signal from BTC future markets CME , as long as 50000 will hold we will have a short term bullish direction ibb.co/ypBDqsM
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We would have a trend down toward 51000 again if not break 57000 soon